With the thriving solar PV market in China, global PV demand is estimated at 100.4 GW this year, an unprecedented high, due to the rapid and sustained development of the market in China. The U.S. remains in second place with its annual demand reaching 12.5 GW for 2017, followed by strong market performance in India, which has overtaken the Japanese market to claim third place in global installation capacity for the year.

EnergyTrend’s data shows that China, the U.S., India and Japan represent 75% of the world’s entire solar installation capacity for the year.

“Going forward, the Chinese market during this year’s remaining four months will be influenced by the completion of projects related to the second phase of the Top Runner Program and the first phase of the PV Poverty Alleviation Project,” said Tsao.